Driven by desire to be accepted back into the global marketplace, Indonesian oil palm plantation company commits to manage part of its leased lands for conservation In a rare good…
August 15, 2019
August 8, 2019
Rainforest Action Network Responds to Morgan Stanley Updated Climate and Human Rights Policy
“Morgan Stanley’s milquetoast environmental and social policy update is a wasted opportunity. The bank could have followed the lead of peers such as Crédit Agricole and BNP Paribas and announced measures that begin to confront the scale of the climate crisis ….”
July 10, 2019
New Report: Banks and Investors Should Avoid Supporting Rio Grande Valley LNG Projects
Three proposed fracked gas export terminals would pose reputational risks for financial institutions Brownsville, TX — A new report released today highlights the reputational damage that would plague any…
July 1, 2019
First Major U.S. Insurance Company to Stop Insuring and Investing in Coal
Chubb, the Largest Commercial Insurance Company in the U.S., Announces New Policy to Address Climate Change July 1st, 2019 – Today, Chubb (NYSE: CB), the largest commercial insurance company…
June 26, 2019
Japan’s Largest Bank MUFG/Union Bank Protested Over Harmful Financing
Environmentalists call on MUFG to stop lending to Conflict Palm Oil, fossil fuel expansion ahead of annual shareholder meeting San Francisco, CA – Today, a group of activists protested outside…
June 20, 2019
Pressure Grows on Adani as Liberty Mutual Reveals it Will Not Insure Carmichael Project
Adani claims it has secured the necessary insurance but will not reveal its providers For Immediate Release: June 20th, 5pm PST, 2019 AUSTRALIA – U.S. insurance giant Liberty Mutual has…
June 17, 2019
Citigroup Cancels Financing of Indonesian Food Giant Indofood Over Palm Oil Labor Abuses
Major Asian, European banks and US brands still linked to controversial company San Francisco, CA – Citigroup has canceled all financing to Indonesian food giant and agribusiness company Indofood (INDF:IJ)…
May 24, 2019
Rainforest Action Network Responds to JPMorgan Chase Climate Report
FOR IMMEDIATE RELEASE Friday, May 24, 2019, 12:30pm PST BACKGROUND JPMorgan Chase today released a report based on the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), a…
May 21, 2019
Protests Erupt at Chase Tower, Activists Call on World’s Worst Banker of Climate Change to Defund Fossil Fuels
FOR IMMEDIATE RELEASE Tuesday, May 21, 2019, 1:30pm CT Contact: Ayse Gursoz, ayse@ran.org, (650)391-6443 Protests Erupt at Chase Tower, Activists Call on World’s Worst Banker of Climate Change to…
May 16, 2019
Japan’s largest bank MUFG adopts new policies to protect forests and the climate, but controversies abound
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial group and the world’s fifth largest bank by assets, has just released an updated Environmental and Social Policy Framework that will govern…